TL; DR分解

战略已经引入了两项新的首选股票，即罢工和冲突，这是其最新资本筹集计划的一部分。这些AI辅助金融工具支持该公司扩大比特币（BTC）持有的更广泛的努力。

Strategy has launched two new preferred stocks, Strike (STRK) and Strife (STRF), as part of its latest capital-raising initiative, both of which were aided by artificial intelligence (AI) to optimize their structuring and support the company’s broader effort to expand its Bitcoin (BTC) holdings.

战略已经发起了两项新的首选股票，Strik（Strk）和Crififer（Strf），这是其最新的资本筹集计划的一部分，这两者都得到了人工智能（AI）的帮助，以优化其结构化，并支持该公司扩大其比特币（BTC）持有的更广泛的努力。

The company’s latest move aligns with its ongoing strategy of balancing equity and debt in capital-raising activities, as well as innovating within capital markets.

该公司的最新举动与在资本累积活动中平衡股权和债务的持续战略以及在资本市场中的创新保持一致。

Both STRK and STRF offer attractive yields, with STRK carrying a 13% yield and STRF offering a 10% yield. The company also included perpetual dividends and call options in STRK, which are not commonly found in traditional preferred stock offerings.

Strk和Strf都具有吸引人的产量，Strk的产量为13％，Strf的产量为10％。该公司还包括Strk中的永久性股息和通话选项，这些股息在传统的首选股票产品中并不常见。

To develop STRK, Strategy’s team used AI to generate initial financial models, which were later iterated upon and finalized with input from legal and financial professionals. This process helped the company efficiently structure the offering to attract capital and ensure optimal terms of investment.

为了开发Strk，Strategy的团队使用AI来生成初始财务模型，后来通过法律和金融专业人员的意见进行了迭代并完成了最终确定的财务模型。该过程有助于公司有效地构建产品，以吸引资本并确保最佳的投资条款。

The company’s preferred stock typically includes perpetual terms, which allow for a flexible approach to capital commitments. In the case of STRK, the company chose to make the offering perpetual to avoid future refinancing and keep capital commitments locked in for a longer period.

公司的首选股票通常包括永久条款，这允许对资本承诺进行灵活的方法。就Strk而言，该公司选择使产品永久供应，以避免将来再融资，并将资本承诺置于更长的时间内。

“We have no obligation to ever pay it back, and we have no intention of ever calling it,” Saylor said of the preferred stock offering.

塞勒谈到优先股的产品时说：“我们没有义务偿还它，我们无意给它打电话。”

The company’s use of AI platforms enabled rapid simulation of different issuance terms and quickly identify the most efficient structure for the offering. According to Saylor, 80% to 95% of the groundwork for the offering was generated by AI, while the team focused on structuring decisions and making final adjustments.

该公司使用AI平台可以快速模拟不同的发行条款，并快速确定最有效的发行结构。根据塞勒（Saylor）的说法，AI产生了发行的基础工作的80％至95％，而团队则致力于构建决策并进行最终调整。

“We used AI to help us quickly and efficiently integrate the legal, financial, and economic terms of the preferred stock into a single instrument,” said Michael Saylor, chairman and CEO of Strategy.

“我们使用AI来帮助我们快速有效地将优先股的法律，财务和经济条款整合到单个工具中，”战略董事长兼首席执行官迈克尔·塞勒（Michael Saylor）说。

“We also used AI to help us simulate different issuance terms and quickly determine the optimal structure for the offering.”

“我们还使用AI来帮助我们模拟不同的发行条款，并迅速确定产品的最佳结构。”

Strike is part of a broader $84 billion plan to support bitcoin acquisitions, with half of the funds to come from equity instruments like STRK and the other half from debt. This structure is designed to minimize dilution of common stock while maximizing cash flow for digital asset purchases.

罢工是支持比特币收购的840亿美元计划的一部分，其中一半的资金来自Strk等股权工具，而另一半则来自债务。该结构旨在最大程度地减少普通股的稀释，同时最大程度地购买数字资产购买现金流量。

The company plans to issue common stock, preferred stock, convertible bonds, and warrants to raise $42 billion in total. The remaining $42 billion will come from perpetual debt instruments, such as mandatory convertible bonds and preferred bonds.

该公司计划签发普通股，优先股，可转换债券和逮捕令，总共筹集420亿美元。剩下的420亿美元将来自永久债务工具，例如强制性可转换债券和优先债券。

Strategy’s efforts to integrate digital tools into its capital management practices are part of a broader trend in the financial industry. As technology continues to evolve, we can expect to see even more innovative approaches to capital structuring and fundraising.

战略将数字工具纳入其资本管理实践的努力是金融行业更广泛趋势的一部分。随着技术的不断发展，我们可以期望看到更具创新性的资本结构和筹款方法。

Strife (STRF) builds upon the company’s experience with Strike (STRK), introducing new dimensions to capital structuring with the help of artificial intelligence (AI).

Frife（Strf）建立在公司在罢工（Strk）方面的经验，在人工智能（AI）的帮助下引入了资本结构的新维度。

Strife, the second AI-modeled preferred stock, offers a 10% yield and includes similar innovative financial mechanics to Strike, which carries a 13% yield and was launched earlier in the year.

第二次AI模型优先股的Frife提供了10％的收益率，其中包括类似的创​​新金融机制，可罢工，产量为13％，并于今年早些时候推出。

Both preferred stock types are designed to support the company’s broader effort to expand its bitcoin holdings, which now total 555,450 coins.

两种优先股票类型都旨在支持该公司扩大比特币持有量的更广泛的努力，现在总共555,450枚硬币。

To maintain capital flexibility across different market cycles, Strategy incorporated perpetual call options in both preferred stock offerings. These options allow the company to maintain capital flexibility while still offering competitive terms to investors.

为了维持不同市场周期的资本灵活性，战略在两种优先股票的产品中都融合了永久性的呼叫选项。这些选择使公司可以保持资本灵活性，同时仍向投资者提供竞争性条款。

AI platforms were crucial in rapidly simulating different issuance terms and quickly identify the most efficient structure for both offerings.

AI平台对于快速模拟不同的发行条款至关重要，并快速确定两种产品的最有效结构。

“We used AI to help us quickly and efficiently integrate the legal, financial, and economic terms of the preferred stock into a single instrument,” said Michael Saylor, chairman and CEO of Strategy.

“我们使用AI来帮助我们快速有效地将优先股的法律，财务和经济条款整合到单个工具中，”战略董事长兼首席执行官迈克尔·塞勒（Michael Saylor）说。

“We also used AI to help us simulate different issuance term

“我们还使用AI来帮助我们模拟不同的发行术语